Zacks Research Expects Higher Earnings for Alliant Energy

Alliant Energy Co. (NASDAQ:LNT) – Investment analysts at Zacks Research increased their Q3 2024 EPS estimates for shares of Alliant Energy in a report released on Monday, October 28th. Zacks Research analyst R. Department now forecasts that the company will post earnings of $1.08 per share for the quarter, up from their prior estimate of $1.05. The consensus estimate for Alliant Energy’s current full-year earnings is $3.06 per share. Zacks Research also issued estimates for Alliant Energy’s Q4 2024 earnings at $0.74 EPS, Q2 2025 earnings at $0.71 EPS, Q3 2025 earnings at $1.01 EPS, Q4 2025 earnings at $0.84 EPS and FY2025 earnings at $3.24 EPS.

A number of other research analysts have also weighed in on LNT. LADENBURG THALM/SH SH upgraded Alliant Energy from a “neutral” rating to a “buy” rating and raised their target price for the company from $50.00 to $62.50 in a report on Tuesday, August 13th. Scotiabank lifted their price objective on shares of Alliant Energy from $58.00 to $64.00 and gave the stock a “sector outperform” rating in a report on Tuesday, August 20th. Mizuho upped their target price on shares of Alliant Energy from $52.00 to $61.00 and gave the stock a “neutral” rating in a research note on Friday, October 4th. Wells Fargo & Company raised their price target on shares of Alliant Energy from $62.00 to $66.00 and gave the company an “overweight” rating in a research report on Wednesday, October 16th. Finally, BMO Capital Markets increased their price objective on shares of Alliant Energy from $58.00 to $60.00 and gave the company a “market perform” rating in a research note on Tuesday, August 6th. Five equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, Alliant Energy has a consensus rating of “Hold” and a consensus target price of $63.28.

Alliant Energy Price Performance

Shares of NASDAQ LNT opened at $59.28 on Wednesday. The company has a debt-to-equity ratio of 1.31, a quick ratio of 0.48 and a current ratio of 0.65. The firm’s 50-day simple moving average is $59.85 and its 200 day simple moving average is $54.90. The stock has a market cap of $15.21 billion, a price-to-earnings ratio of 24.20, a PEG ratio of 2.91 and a beta of 0.58. Alliant Energy has a fifty-two week low of $46.80 and a fifty-two week high of $62.49.

Alliant Energy (NASDAQ:LNT) last issued its quarterly earnings data on Thursday, August 1st. The company reported $0.57 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.07). Alliant Energy had a net margin of 15.77% and a return on equity of 10.23%. The business had revenue of $894.00 million for the quarter, compared to analyst estimates of $897.03 million. During the same quarter in the prior year, the business earned $0.64 earnings per share. The firm’s quarterly revenue was down 2.0% compared to the same quarter last year.

Hedge Funds Weigh In On Alliant Energy

Institutional investors have recently bought and sold shares of the company. Centennial Wealth Advisory LLC increased its position in Alliant Energy by 4.0% in the third quarter. Centennial Wealth Advisory LLC now owns 6,433 shares of the company’s stock worth $390,000 after buying an additional 250 shares during the last quarter. QRG Capital Management Inc. grew its position in shares of Alliant Energy by 10.4% in the third quarter. QRG Capital Management Inc. now owns 9,557 shares of the company’s stock valued at $580,000 after purchasing an additional 902 shares in the last quarter. Asset Management One Co. Ltd. grew its position in shares of Alliant Energy by 2.6% in the third quarter. Asset Management One Co. Ltd. now owns 159,552 shares of the company’s stock valued at $9,683,000 after purchasing an additional 4,117 shares in the last quarter. Cedar Point Capital Partners LLC purchased a new position in shares of Alliant Energy in the third quarter valued at $222,000. Finally, Janney Montgomery Scott LLC grew its position in shares of Alliant Energy by 1.4% in the third quarter. Janney Montgomery Scott LLC now owns 105,653 shares of the company’s stock valued at $6,412,000 after purchasing an additional 1,465 shares in the last quarter. Hedge funds and other institutional investors own 79.90% of the company’s stock.

Alliant Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Thursday, October 31st will be paid a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a yield of 3.24%. The ex-dividend date is Thursday, October 31st. Alliant Energy’s payout ratio is 78.37%.

About Alliant Energy

Alliant Energy Corporation operates as a utility holding company that provides regulated electricity and natural gas services in the United States. It operates in three segments: Utility Electric Operations, Utility Gas Operations, and Utility Other. The company, through its subsidiary, Interstate Power and Light Company (IPL), primarily generates and distributes electricity, and distributes and transports natural gas to retail customers in Iowa; sells electricity to wholesale customers in Minnesota, Illinois, and Iowa; and generates and distributes steam in Cedar Rapids, Iowa.